All Jamaica Index at new record

New ecord high is in sight for the JSE main market.

The main market of the Jamaica Stock Exchange moved further ahead in trading on Tuesday and pushed the main market into it seventh day of new record high.
The market hit a new high of 453,856.77 on the All Jamaican Composite Index (AJI) after rising by 5,044.21 points with NCB Financial trading at $150 and helped to push the market. The JSE Index climbed 4,583.82 points to a record 412,827.88.
The Junior Market index is up just 7.32 points to sit at 3,008.07. Also rising were Sagicor Group at $47.60 and Supreme Ventures trading at $29.60.

More records for JSE– Monday

New record high for the JSE main market.

The Jamaica Stock Exchange main market ended trading on Monday, with both main market indices ending at record closing highs.
When trading ended, the JSE All Jamaican Composite Index advanced 1,060.87 points to a new record close of 448,812.56 and the JSE Index rose 964.04 to a record of close of 408,841.46.
The main and US markets had 30 securities traded, compared to 34 on Monday leading to 10 advancing, 10 declining and 10 closing unchanged. At the end of trading, Jamaica Stock Exchange rose to a record high of $20.10 and Wisynco Group ended at a new record close of $14.50.
Market activity on the main market ended with, 1,986,337 units with a value of$46,516,263 changing hands, compared to 3,479,279 units valued $204,145,954 trading on Friday.
Supreme Ventures led trading with just 328,380 shares accounting for 17 percent of total main market volume, followed by Pulse Investments with 251,500 shares, and 16.5 percent of the day’s trades and Wisynco Group closed with 230,731 shares for 11.6 percent of volume traded.
Market activity ended with an average of 68,494 units valued at an average of $1,604,009 for each security traded. In contrast to 119,975 units valued at an average of $7,039,516 on Friday. The average volume and value for the month to date amounts to 107,663 units valued at $4,590,690 and previously, 121,185 units valued at $5,621,806. Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 6 stocks ending with bids higher than their last selling prices and 5 closing with lower offers.
In main market activity, Caribbean Cement lost $1.20 to finish at $78.80, with 10,994 shares changing hands, Jamaica Broilers traded 103,019 shares after rising $1 to close at $31, Jamaica Producers gained 59 cents in trading 2,081 shares at $22.60, JMMB Group lost $2 trading 21,639 shares in closing at $32. Mayberry Investments lost 46 cents to end trading of 11,372 shares at $8.79, Mayberry Jamaican Equities lost 40 cents trading 185,289 shares at $11, NCB Financial Group rose $1.50 in trading 104,939 shares to close at $148.50, Proven Investments traded 8,300 and lost $1 in closing at $31. Sagicor Group lost 80 cents to end trading of 22,286 stock units at $45.70, Sagicor Real Estate Fund lost $1.55 to end at $8.50 after trading 62,275 shares, Scotia Group declined by $2.25 in trading 42,276 shares to close at $50.75. Stanley Motta rose 75 cents in trading 35,235 shares to close $5.30, Supreme Ventures jumped $3 and finished at $29.50, with 328,380 units changing hands and Sygnus Credit Investments lost 50 cents with 17,125 units trading, to end at $12.
Trading in the US dollar market ended with 15,200 units valued $3,561 with Proven Investments ng the sole stock traded and closed at 24 US cents The JSE USD Equities Index gained 0.08 points to close at 180.17.

More gains for T&T stocks – Monday

Witco stock price pulled back $3.

Fresh from a $12.50 jump on Friday to at 52 weeks’ high of $110, West Indian Tobacco lost $3 to close at $107 on Monday on the Trinidad & Tobago Stock Exchange but the market indices recorded gains.
Market activity ended on Monday with trading in 17 securities with 9 advancing, 2 declining and 6 remaining unchanged, against trading 18 on Friday. At close of the market, the Composite Index gained 2.25 points on Monday to 1,348.63. The All T&T Index rose 3.01 points to 1,794.80, while the Cross Listed Index gained 0.20 points to close at 121.74.

Trinidad & Tobago Stock Exchange Head Quarters


Trading ended with 814,537 shares at a value of $8,160,288, compared to 96,392 shares on Friday valued at $1,897,291.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended at stocks with bids higher than their last selling prices and one closed with a lower offer.
Stocks ending with gains| At the close of the market, Ansa Mcal traded 1,594 units and rose 1 cent to $55.33, Clico Investments added 1 cent and ended at $22.50, with 40,557 stock units changing hands, First Caribbean International Bank rose 10 cents in trading of 789 units at $8.35. First Citizens rose 1 cent and settled at a 52 weeks’ high of $37.01, after exchanging 150 shares, Grace Kennedy closed with a gain of 5 cents at $3.35, with 144,188 stock units changing hands, National Flour gained 5 cents and completed trading 10,927 units at $1.75. One Caribbean Media rose by 10 cents to close at $10.30, after exchanging 200 shares, Sagicor Financial closed with a gain of 18 cents to $8.80, after exchanging 562,548 shares and Scotiabank added 55 cents to end at $63.55, with 2,685 stock units changing hands.
Stocks closing with losses|Trinidad & Tobago NGL shed 10 cents and completed trading of 31,692 units at $29.40 and West Indian Tobacco lost $3 and ended at $107, with 200 stock units changing hands.
Stocks closing firm| Calypso Macro Index Fund closed trading of 265 shares at $15, JMMB Group closed at $1.70, after exchanging 1,735 shares, Massy Holdings exchanged 9,628 shares to end at $55. National Enterprises ended at $7, with 6,404 stock units changing hands, NCB Financial Group settled at $8.45, after exchanging 700 shares and Unilever Caribbean concluded trading at $26.30, after exchanging 275 shares.

Prices of securities trading for the day are those at which the last trade took place.

Junior Market pulls back – Monday

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The Junior Market of the Jamaica Stock Exchange dropped 24.47 points to 3,000.73 as the volume of stocks trading dropped 77 percent from Friday’s level.
Trading ended with 26 securities changed hands, leading to sharply increased trading of 970,319 units valued at $3,350,642, compared to 4,172,346 units valued at $15,184,488 resulting in trading of 22 securities on Friday.
The market closed with the prices of 7 stocks advancing, 12 declining and 7 remaining unchanged.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 2 with lower offers.
Trading ended with an average of 37,320 units for an average of $128,871 in contrast to 189,652 units for an average of $690,204 on Friday. The average volume and value for the month to date amounts to 110,879 units valued at $332,102 and previously 137,077 units valued at $404,485. In contrast, April closed with an average of 87,963 units valued $317,267 for each security traded.
At the close of the market, AMG Packaging ended at $2, with 232,843 stock units changing hands, Blue Power traded 22,871 with the price falling 20 cents to close at $4, Caribbean Flavours traded 3,000 stock units and dropped $4 to close at $16.50, Caribbean Producers declined by 13 cents to close at $4.85, trading with 20,467 units. Consolidated Bakeries lost 15 cents to close at $1.85, while trading 1,000 shares, Derrimon Trading ended at $2.72, as 14,323 shares crossed the exchange, Dolphin Cove concluded trading of 840 shares to close at $12.05, Elite Diagnostic exchanged 2,200 units and declined 10 cents to end at $2.95. Express Catering ended trading of 17,594 shares after losing 55 cents to end at $7.15, FosRich Group exchanged 12,331 shares in closing at $4, Fontana gained 7 cents to end at a 52 weeks’ high of $4.20, with 45,190 shares changing hands, General Accident closed with an increase of 40 cents at $4.30, after an exchange of 253,776 stock units. Honey Bun concluded trading of 48,326 shares and fell 5 cents to end at $4.20, iCreate closed trading of 61,000 shares with a fall of 4 cents to end at 86 cents, Indies Pharma finished with a loss of 3 cents at $3.12, with an exchange of 55,052 shares, Iron Rock settled at $3.90, trading 3,000 shares. Jamaican Teas traded 1,116 units and rose 4 cents at $3.94, Jetcon Corporation traded just 100 shares but rose 20 cents to close at $2.50, Knutsford Express exchanged just 666 shares at $13, Lasco Distributors rose 6 cents to end at $3.86, with 16,483 units changing hands. Lasco Financial closed at $4.25, with an exchange of 91,163 shares, Lasco Manufacturing lost 5 cents trading 38,622 to close at $3.20, Main Event traded 13,516 and rose $1 to close at $6. Paramount Trading lost 43 cents and closed at $2.04, with exchange of 1,600 units, Stationery and Office Supplies lost 10 cents and finished trading 5,900 stock units at $6.75 and tTech rose 38 cents trading 7,340 shares to close at $5.18.

Prices of securities trading for the day are those at which the last trade took place.

Watch NCB but Cement not finished

NCB the top stock to watch following inforamtion that they got go ahead to acquire Guardian Holdings majority shares.

NCB Financial is the main stock to watch this week with group having sealed the deal for majority shares in Guardian Holdings but Caribbean Cement (CC) is still in the stock to watch list. 
Fresh from posting record first quarter profit of $1.13 billion or $1.33 per share, from only $348 million in 2018, the shares of CC started right out of the blocks on Monday gone, with a jump of $13.87 to $77.99 and moved higher thereafter during the week.
Cement now sits at $80 and should move higher in the weeks ahead with potential earnings of $7 per share for 2019. The stock price reached $100 briefly during the past week. NCB Financial Group came in for increased buying with the announcement of approval granted for the group to acquire majority shares in the Trinidad based Guardian Holdings, thus returning it to it Jamaican roots. Guardian was previously majority by Mutual Life but the majority shares were sold to Trinidadians, when Guardian had cash flow problems in the 1990s.
Sagicor Group moved up from $44 at the start of the week to close at $46.50 and should move higher with 2018 results showing gains and pointing to a brighter 2019. Wisynco traded as high as $15 during the past week but some selling came in leaving the stock at $14.40 at the close on Friday. The stock is selling at 15 times projected earnings for the for the fiscal year to June 2019, but with strong earnings

Grace Kennedy could suprise.

growth investors could still pile into the stock in anticipation of greater profits in the 2020 fiscal year.  RJR and Seprod remain attractive buys and continue on the watch list along with Barita Investments that posted very strong second quarter results. More company results should be flowing this week and investors should be watchful for their release to identify any important message of future earnings. Other stocks of interest in the main market, include Berger Paints, Grace, Jamaica Producers, Jamaica Stock Exchange and PanJam Investment that seems headed to $100, with very few stocks on offer for sale.
The Junior Market rose last week as it starts the recovery from the impact that the recently closed Wigton IPO had on the market. At its recently held annual general meeting, Honey Bun directors pointed to continued improved revenues, created by expansion of the factory providing added capacity

SOS anticipates maximising profits from every business line in 2019.

to meet demand for their products, resulting from the expansion and new products lined up to come. Stationery and Office Supplies released their annual report with the directors stating that the outlook for 2019 and beyond is positive, given the increase in business and consumer confidence locally and regionally. “The economy is continuing to show positive signs with increased foreign and local investment in the island, particularly in the business outsourcing sector. For the export market, we are supplying a project in Barbados during the first quarter of 2019, and have another project planned for the second quarter in 2019.

Honey Bun should be watched.

We anticipate to realise at least six containers of exported products during the year including both the SEEK products and our lines of Torch and Image furniture.  With the purchase of SEEK and six months of learning, planning and making adjustments, we now anticipate maximising profits from every business line in 2019.”
Fontana came in for increased buying this past week with trading as high as $4.20 with supply of the stocks declining, General Accident saw improved results last year and this should continue into 2019 but the company is scheduled to release results for quarter one, next week.  tTech grew revenues 30 percent in 2018 and 28 percent in the December quarter. More growth is expected for 2019 to boost profit for the year. Derrimon Trading took over the distribution of of Juiciful, Busta and other products for Trinidad-owned SM Jaleel & Company and acquired Woodcats International, late last year. First quarter results should show above normal increase in revenues as a result of the acquisitions in 2018. It will be interesting to see how the new lines, impact first quarter profit.

NCB pushes AJIndex to record 450K

With less than 5 minutes after opening NCB Financial traded at $150 and helped to push the All Jamaican Composite Index (AJI) of the Jamaica Stock Exchange up by 2,821.75 points to a record 450,573.44.
The JSE Index climbed 2,564.21 points to a record 410,441.63to be well ahead of the record close on Monday.
The Junior Market index is up just 3.57 points to sit at 3,028.79. Also rising were PanJam Investment in trading at $89 and Supreme Ventures trading at $28.45.

More JSE records shattered – Friday

More records were shattered on another record breaking day, on the Jamaica Stock Exchange main market on Friday, with both main market indices ending at new highs, for five consecutive days.
Trading ended with the fifth with a new record close for the year at 447,751.69 on the JSE All Jamaican Composite Index after climbing 2,819.84 points and the JSE Index advanced to a record of close of 407,877.42 with 2,562.47 points gain.
The main and US markets had 34 securities traded, compared to 33 on Thursday leading to 16 advancing, 10 declining and 8 closing unchanged. At the end of trading, Jamaica Stock Exchange jumped to a record high of $20.02, PanJam Investment ended at a new closing high of $90 and Wisynco Group ended at a new record close of $14.40.
Market activity on the main market ended with 3,479,279 units valued $204,145,954, changing hands, compared to 2,986,488 units valued $110,422,118 trading on Thursday.
NCB Financial led trading with 1.03 million shares accounting for 30 percent of total main market volume, followed by Victoria Mutual Investments with 674,362 shares, and 19 percent of the day’s trades and Scotia Group closed with 514,622 shares for 15 percent of volume traded.
Market activity ended with an average of 119,975 units valued at an average of $7,039,516 for each security traded. In contrast to 102,982 units for an average of $3,807,659 on Thursday. The average volume and value for the month to date amounts to 121,185 units valued at $5,621,806 and previously, 121,824 units valued at $4,874,287. Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 7 stocks ending with bids higher than their last selling prices and 2 closing with lower offers.
In main market activity, Barita Investments jumped $2.99 to close at $43, with an exchange of 7,698 shares, Berger Paints fell $1 to end at $20, with an exchange of 7,770 stock units, Caribbean Cement lost $4 to finish at $80, with 30,433 shares changing hands, Grace Kennedy traded 17,149 stock units and rose $1 to $61. JMMB Group gained 60 cents trading 184,023 shares in closing at $34, Mayberry Investments rose $1.25 to end trading of a mere 210 shares at $9.25, NCB Financial Group rose $2.15 in trading 1,033,816 shares to close at $147, Sagicor Group added $1 to end trading 59,341 stock units at $46.50, with. Scotia Group gained $2.50 in trading 514,622 shares to close at $53, Seprod rose $2.50 in trading 15,959 shares to close $46, Supreme Ventures fell 50 cents and finished at $26.50, with 20,995 units changing hands and Sygnus Credit Investments rose 87 cents with 17,243 units trading, to end at $12.50.
Trading in the US dollar market ended with 50,570 units valued at $12,735. JMMB Group 5.5% preference share traded 3,000 shares at US$2, JMMB Group finished rose by 5 cents to ended at US$2.10 trading 1,556 shares, Proven Investments traded 850 shares and gained 1 cent, to close at 24 US cents and Sygnus Credit Investments traded 25,760 units to end at 10 US cents. The JSE USD Equities Index gained 1.10 points to close at 180.09.

Big gain for Junior Market stocks – Friday

The Junior Market of the Jamaica Stock Exchange enjoyed a strong day on Friday, with the market index closing above the 3,000 mark for the first time since April 11, by jumping 41.02 points to 3,025.22 in trading.
Trading ended with 22 securities changing hands, leading to sharply increased trading of 4,172,346 units valued at $15,184,488, compared to a mere 485,317 units valued at $1,504,400 resulting from trading of 23 securities on Thursday. The market closed with the prices of 8 stocks advancing, 6 declining and 8 remaining unchanged.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 4 with lower offers.
Trading ended with an average of 189,652 units for an average of $690,204 in contrast to 21,101 units for an average of $65,409 on Thursday. The average volume and value for the month to date amounts to 137,077 units valued at $404,485 and previously 114,398 shares at $281,234. In contrast, April closed with an average of 87,963 units valued $317,267 for each security traded.
At the close of the market, Access Financial closed at $43, with an exchange of 100 shares, AMG Packaging ended at $2, with 56,645 stock units changing hands, Cargo Handlers settled 4 cents higher at $11, while trading 3,000 shares, Caribbean Flavours traded 943 stock units $4 higher at $20.50. Caribbean Producers added 37 cents to close at $4.98, trading with 3,500 units, Derrimon Trading ended with a loss of 3 cents at $2.72, as 38,482 shares crossed the exchange, Dolphin Cove concluded trading 30,345 shares 33 cents higher at $12.05, Everything Fresh  finished with a loss of 5 cents at $1.50, with an exchange of 386,678 stock units, Elite Diagnostic exchanged 65,365 units and rose 8 cents to end at $3.05. Express Catering ended trading of 14,706 shares at $7.70, FosRich Group enjoyed a big day trading 3,048,363 shares, to close at $4, Fontana finished trading 7 cents higher at $4.10, with 82,640 shares changing hands, General Accident closed with a loss of 10 cents at $3.90, after an exchange of 130,000 stock units. Honey Bun  concluded trading of 6,590 shares and gained 25 cents to end at $4.25,  iCreate closed trading of 120,876 shares to close at 90 cents, Indies Pharma  finished with a loss of 5 cents at $3.15, with an exchange of 3,000 shares, Iron Rock  settled at $3.90, trading 256 shares. Jamaican Teas  traded 2,000 units with a loss of 5 cents at $3.90,  Lasco Distributors  closed with a loss of 8 cents at $3.80, with 163,794 units changing hands, Lasco Financial  settled 5 cents higher at $4.25, with an exchange of 2,500 shares, Medical Disposables finished trading at $7, with 6,951 stock units and Paramount Trading closed at $2.47, with an exchange of 5,612 units.

Prices of securities trading for the day are those at which the last trade took place.

Big jump in T&T stocks – Friday

West Indian Tobacco jumped sharply on Friday to end at 52 weeks’ high of $110 on the Trinidad & Tobago Stock Exchange and was the main driver in a big gain in the market index at the close.
Trading on to close in 18 securities against 17 on Thursday, with 6 advancing, 3 declining and 9 remaining unchanged.
At close of the market, the Composite Index jumped 8.19 points to 1,346.38. The All T&T Index surged 19.19 points to 1,791.79, while the Cross Listed Index lost 0.42 points to close at 121.54.
Trading ended with 96,767 shares for $1,897,291 compared to 237,591 shares for $2,918,550 on Thursday.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended at stocks with bids higher than their last selling prices and none closed with a lower offer.
Stocks ending with gains| At the close of the market, Clico Investments concluded trading with 54,728 stock units and gained 14 cents to end at $22.49, Massy Holdings added 1 cent and ended at $55, after exchanging 72 shares, One Caribbean Media increased 3 cents and closed at $10.20, after exchanging 105 shares. Republic Financial Holdings concluded trading with a gain of $2.89 to settle at $123, after exchanging 125 shares, Trinidad & Tobago NGL rose 10 cents and completed trading at $29.50, with 5,978 units and West Indian Tobacco jumped $12.50 ended at 52 weeks’ high of $110, with 250 stock units changing hands.
Stocks closing with losses| Ansa McAl fell 62 cents and completed trading of 200 units, at $55.32, Grace Kennedy closed with a loss of 5 cents and ended at $3.30, with 2,000 stock units changing hands and National Flour shed 5 cents to close at $1.70, with an exchange of 10,000 units.
Stocks closing firm| Calypso Macro Index Fund closed trading of 375 shares at $15, First Citizens settled at $37, after exchanging 692 shares, Guardian Holdings completed trading 12,401 units at $18.50, JMMB Group ended at $1.70, after exchanging 1,120 shares, NCB Financial Group settled at $8.45, after trading 2,725 shares. Sagicor Financial exchanged 2,291 shares at $8.62, Scotiabank ended at $63, with 555 stock units changing hands,Trinidad Cement settled at $2.60, after exchanging 350 shares and Unilever Caribbean closed at $26.30, trading 2,800 shares.

Prices of securities trading for the day are those at which the last trade took place.

4 days of record close for JSE stocks

New ecord close for JSE main market on Thursday

The Jamaica Stock Exchange main market, ended at the fourth new closing high for the week, with the All Jamaican Composite Index rising 980.45 points to 444,931.85 and the JSE Index advancing 890.96 points to 405,314.95.
The main and US markets had 33 securities traded, compared to 27 on Wednesday leading to 13 advancing, 12 declining and 8 closing unchanged. At the end of trading, Jamaica Stock Exchange jumped to a record high of $20 and Wisynco Group ended at a new record close of $14.30.
Market activity on the main market ended with 2,986,488 units valued $110,422,118, changing hands, compared to 3,713,812 units valued $157,663,641 trading on Wednesday.
Wisynco Group led trading with just 529,420 shares accounting for 18 percent of total main market volume, followed by NCB Financial with 417,353 shares, and 14 percent of the day’s trades and Seprod closed with just 342,629 shares for 3 percent of volume traded.
Market activity ended with an average of 102,982 units valued at an average of $3,807,659 for each security traded. In contrast to 142,839 units for an average of $6,063,986 on Wednesday. Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 10 stocks ending with bids higher than their last selling prices and 3 closing with lower offers.
In main market activity, Barita Investments dropped $2.49 to close at $40.01, with an exchange of  83,339 shares, Caribbean Cement lost S1 to finish at $84, with 10,377 shares changing hands, Jamaica Broilers dived $3.90 in exchanging 10,000 units to end at $30.10, Jamaica Producers fell $1 to close at $22, after trading 11,285 stock units. JMMB Group gained $1.90 trading 253,237 shares in closing at $33.40, with 37,209 shares 37,209 shares. Kingston Properties lost 75 cents to settle at $6.80, with an exchange of 5,450 units, Mayberry Investments lost $1.65 to end trading of 27,500 shares at $8. PanJam Investment jumped $6.87 to a record high of $89.97, with 6,592 units changing hands, Scotia Group lost $1.49 in trading with 62,660 shares at $50.50, Seprod fell $3.50 in trading 342,629 shares to close $44. Sygnus Credit Investments lost 87 cents with 81,165 units trading, to end at $11.63 and Wisynco Group climbed 80 cents trading with 529,420 shares at an all-time high of $14.30.
Trading in the US dollar market ended with 419,786 units valued at US$95,838. JMMB G 6% preference share traded 439 shares and rose 5 cents to finish at US$1.09, Proven Investments traded 413,807 shares and gained 0.05 cent, to close at 23 US cents, Sterling Investments  finished trading of 2,540 units to close at 4 US cents and Sygnus Credit Investments traded 3,000 units to end at 10 US cents. The JSE USD Equities Index gained 1.67 points to close at 178.99.